Welcome to Southwest Florida Real Estate

SW Florida Home Buyers May Benefit as Mortgage Guidelines Change. Naples, Ft. Myers, Isles Of Capri, Bonita Springs, Cape Coral. “U.S. Backs Off Tight Mortgage Rules” screamed the top headline on the front page of The Wall Street Journal several months back. For SW Florida mortgage shoppers, it could scarcely have been better news. Probably.
Apartments, BEACHES Boating Bonita Springs Buying Buying A Home Cape Coral Captiva Island Children Condo CONDOS Estero Estero Homes Family Fishing FLORIDA Florida Homes Florida Real Estate Flying Fort Myers Fun G, Boating, Bonita Springs, Buying, Buying A Home, Captiva Island, CONDOS, condos in bonita springs florida, condos in fort myers florida, condos in naples florida, Estero, Family, Family Vacations, Fishing, FLORIDA, FLORIDA CONDOS, FLORIDA HOME LOANS, Florida Homes, Florida Real Estate, florida real estate agents, florida real estate market, Florida Real Estate News, florida realestate, Florida Realtors, Florida Sunsets, Florida Vacation Homes, Florida Vacation Rentals, Florida Vacations, Fort Myers, Golfing, Home Loans, Home Mortgages, HOME REFINANCING, home sales, HOMES, houses for sale in florida, houses for sale in southwest florida, Mortgages, NAPLES, naples fla real estate, Naples Florida, naples florida map, naples florida real estate, naples florida real estate agents, naples florida real estate taxes, naples florida weather, Naples Real Estate, old naples florida real estate, Port Charlotte, Punta Gorda, RE FINACE, real estate florida, real estate in florida, Realtor, Realtors, realtors in bonita springs, realtors in bonita springs florida, realtors in cape coral florida, realtors in estero florida, realtors in florida, realtors in fort myers florida, realtors in ft myers florida, realtors in lehigh acres florida, realtors in marco island florida, realtors in naples florida, REFINANCING, Selling, Selling A Home, south florida real estate, Southwest Florida, Southwest Florida Real Estate, Southwest Florida Realtors, Sunsets, SW FLORIDA, SW FLORIDA CONDOS, SW Florida Home Rentals, SW Florida Real Estate, SW Florida Real Estate News, SW Florida Realtors, SW Florida Vacation Homes, SW Florida Vacations, Swimming, Vacation Homes, Water‘Probably’ because any change is not yet a done deal, but it’s hard to see what will derail the likely full reverse of the federal establishment’s years-long tight home loan policy. Why is this suddenly in the cards? The full answer is complicated, but here is a quick (admittedly over-simplified) summary of what’s been happening to SW Florida mortgage applicants—and what probably lies ahead.
The ongoing real estate recovery has been less of a boon to banks (including SW Florida’s mortgage originators) than to other participants because of tightened lending guidelines. Since the economic meltdown had been triggered by the crash of too many ‘easy money’ mortgages that had been repackaged and sold to Wall Street investors, regulators created mortgage guidelines that were much stricter. Apartments, BEACHES Boating Bonita Springs Buying Buying A Home Cape Coral Captiva Island Children Condo CONDOS Estero Estero Homes Family Fishing FLORIDA Florida Homes Florida Real Estate Flying Fort Myers Fun G, Boating, Bonita Springs, Buying, Buying A Home, Captiva Island, CONDOS, condos in bonita springs florida, condos in fort myers florida, condos in naples florida, Estero, Family, Family Vacations, Fishing, FLORIDA, FLORIDA CONDOS, FLORIDA HOME LOANS, Florida Homes, Florida Real Estate, florida real estate agents, florida real estate market, Florida Real Estate News, florida realestate, Florida Realtors, Florida Sunsets, Florida Vacation Homes, Florida Vacation Rentals, Florida Vacations, Fort Myers, Golfing, Home Loans, Home Mortgages, HOME REFINANCING, home sales, HOMES, houses for sale in florida, houses for sale in southwest florida, Mortgages, NAPLES, naples fla real estate, Naples Florida, naples florida map, naples florida real estate, naples florida real estate agents, naples florida real estate taxes, naples florida weather, Naples Real Estate, old naples florida real estate, Port Charlotte, Punta Gorda, RE FINACE, real estate florida, real estate in florida, Realtor, Realtors, realtors in bonita springs, realtors in bonita springs florida, realtors in cape coral florida, realtors in estero florida, realtors in florida, realtors in fort myers florida, realtors in ft myers florida, realtors in lehigh acres florida, realtors in marco island florida, realtors in naples florida, REFINANCING, Selling, Selling A Home, south florida real estate, Southwest Florida, Southwest Florida Real Estate, Southwest Florida Realtors, Sunsets, SW FLORIDA, SW FLORIDA CONDOS, SW Florida Home Rentals, SW Florida Real Estate, SW Florida Real Estate News, SW Florida Realtors, SW Florida Vacation Homes, SW Florida Vacations, Swimming, Vacation Homes, Water
Although borrowers found it harder to qualify for mortgages, at the same time, the Federal Reserve held interest rates at such bargain-basement levels real estate sales hummed. But first-time borrowers found it hard to qualify.
But lately, observers of the national scene have been worrying. Over the past months, the gradual cooling of real estate activity may have been welcome in the sense that the torrid rate of activity had slowed from an unsustainable pace—but some economists began to fret. Even though there was still some growth, now there wasn’t enough—and that could stall the recovery for the whole economy.
Apartments, BEACHES Boating Bonita Springs Buying Buying A Home Cape Coral Captiva Island Children Condo CONDOS Estero Estero Homes Family Fishing FLORIDA Florida Homes Florida Real Estate Flying Fort Myers Fun G, Boating, Bonita Springs, Buying, Buying A Home, Captiva Island, CONDOS, condos in bonita springs florida, condos in fort myers florida, condos in naples florida, Estero, Family, Family Vacations, Fishing, FLORIDA, FLORIDA CONDOS, FLORIDA HOME LOANS, Florida Homes, Florida Real Estate, florida real estate agents, florida real estate market, Florida Real Estate News, florida realestate, Florida Realtors, Florida Sunsets, Florida Vacation Homes, Florida Vacation Rentals, Florida Vacations, Fort Myers, Golfing, Home Loans, Home Mortgages, HOME REFINANCING, home sales, HOMES, houses for sale in florida, houses for sale in southwest florida, Mortgages, NAPLES, naples fla real estate, Naples Florida, naples florida map, naples florida real estate, naples florida real estate agents, naples florida real estate taxes, naples florida weather, Naples Real Estate, old naples florida real estate, Port Charlotte, Punta Gorda, RE FINACE, real estate florida, real estate in florida, Realtor, Realtors, realtors in bonita springs, realtors in bonita springs florida, realtors in cape coral florida, realtors in estero florida, realtors in florida, realtors in fort myers florida, realtors in ft myers florida, realtors in lehigh acres florida, realtors in marco island florida, realtors in naples florida, REFINANCING, Selling, Selling A Home, south florida real estate, Southwest Florida, Southwest Florida Real Estate, Southwest Florida Realtors, Sunsets, SW FLORIDA, SW FLORIDA CONDOS, SW Florida Home Rentals, SW Florida Real Estate, SW Florida Real Estate News, SW Florida Realtors, SW Florida Vacation Homes, SW Florida Vacations, Swimming, Vacation Homes, WaterWashington has decided to listen to the worrywarts: hence last week’s WSJ headline story. It reported on the first speech delivered by Mel Watt, the new boss of Fannie Mae and Freddie Mac, the mortgage giants whose policies largely guide what happens when you apply for a SW Florida mortgage.
Among a number of other rules, there had been in place a basic guideline calling for minimum 20% down payments (and punishing repercussions for banks who didn’t agree). But one result came as a surprise to regulators: lenders were newly fearful of requirements that might penalize them for even reasonable loans that went bad, so they became even tougher than the guidelines! Real estate loans began to dry up. It had been hoped that private lenders would take the place of Fannie and Freddie, allowing the government to gradually back out of its leading role. But the lenders sat on their wallets. Apartments, BEACHES Boating Bonita Springs Buying Buying A Home Cape Coral Captiva Island Children Condo CONDOS Estero Estero Homes Family Fishing FLORIDA Florida Homes Florida Real Estate Flying Fort Myers Fun G, Boating, Bonita Springs, Buying, Buying A Home, Captiva Island, CONDOS, condos in bonita springs florida, condos in fort myers florida, condos in naples florida, Estero, Family, Family Vacations, Fishing, FLORIDA, FLORIDA CONDOS, FLORIDA HOME LOANS, Florida Homes, Florida Real Estate, florida real estate agents, florida real estate market, Florida Real Estate News, florida realestate, Florida Realtors, Florida Sunsets, Florida Vacation Homes, Florida Vacation Rentals, Florida Vacations, Fort Myers, Golfing, Home Loans, Home Mortgages, HOME REFINANCING, home sales, HOMES, houses for sale in florida, houses for sale in southwest florida, Mortgages, NAPLES, naples fla real estate, Naples Florida, naples florida map, naples florida real estate, naples florida real estate agents, naples florida real estate taxes, naples florida weather, Naples Real Estate, old naples florida real estate, Port Charlotte, Punta Gorda, RE FINACE, real estate florida, real estate in florida, Realtor, Realtors, realtors in bonita springs, realtors in bonita springs florida, realtors in cape coral florida, realtors in estero florida, realtors in florida, realtors in fort myers florida, realtors in ft myers florida, realtors in lehigh acres florida, realtors in marco island florida, realtors in naples florida, REFINANCING, Selling, Selling A Home, south florida real estate, Southwest Florida, Southwest Florida Real Estate, Southwest Florida Realtors, Sunsets, SW FLORIDA, SW FLORIDA CONDOS, SW Florida Home Rentals, SW Florida Real Estate, SW Florida Real Estate News, SW Florida Realtors, SW Florida Vacation Homes, SW Florida Vacations, Swimming, Vacation Homes, Water
SW Florida Home Buyers May Benefit as Mortgage Guidelines Change. Naples, Ft. Myers, Isles Of Capri, Bonita Springs, Cape Coral. Of his decision to lighten up on credit barriers, Mr. Watt explained that he hoped “that lenders will start operating more inside the credit box that Fannie and Freddie” provide. In other words, that mortgage originators will add to the easing effect by hewing to the guidelines instead of exceeding them. If so, we can expect an influx of long-frustrated first-time home buyers.
If you have been thinking of offering your own SW Florida home for sale anytime soon, that should be a most encouraging development!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s